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EU hopes for Trump tariff deal by July 9 deadline after 'good exchange'

It was not immediately clear, however, whether there had been a meaningful breakthrough in talks to stave off the imposition of sweeping tariff hikes on the United States' largest trading partner

Oracle, OpenAI expand Stargate deal to build more US data centres

Oracle shares gained as much as 3.9 per cent to $227.46, a record high, following the news. The stock has jumped 36 per cent this year, fueled by investor enthusiasm in its cloud business

Steel industry calls for safeguard measures to protect local players

Calling for protectionist measures to check cheap steel imports, Jindal Stainless Managing Director Abhyuday Jindal on Thursday said that the country has sufficient steel production capacity to meet the local demand. Jindal also said that in addition to the US and Europe, countries with very low steel production are also adopting protective measures. It is very important to protect "our country," Jindal said while addressing an Indian Chamber of Commerce's event here. "The US has done it, Europe has been doing it for quite some time. Now, nations like in the Middle East, where there is not much steel production, Canada, where there isn't much steel production, are also going for some kind of protectionist measures," Jindal, who is also the President of the Indian Chamber of Commerce, said. Jindal also appreciated the steps taken by the government to safeguard the interest of the domestic steel industry. "There was substandard, Chinese material coming in (through) from Vietnam...Ou

US judge rules Huawei to face criminal charges over tech theft, Iran ties

US District Judge Ann Donnelly in Brooklyn found sufficient allegations in the 16-count indictment that Huawei engaged in racketeering to expand its brand, stole trade secrets from six companies

Canada will scrap tax that prompted Trump to suspend trade talks

The government said on Sunday night that it would cancel its tax on American technology companies, handing a victory to the Trump administration

Trump wants America to make iPhones. Here's how India is doing it

India is carving out a new space for Foxconn and other high-end manufacturers, just as President Trump demands American companies do at home

Trump warns of July 9 tariff hike as Treasury Chief Bessent hints delay

Asked if the mid-July deadline was set in stone, Trump suggested he could even shorten the timeline for trading partners seeking deals

Govt will protect textile sector in US trade deal: Goyal tells export body

Commerce and Industry Minister Piyush Goyal has assured industry bodies that the government will protect the interests of the textiles and apparel sector in the proposed trade agreement with the US, AEPC said on Friday. Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said he, along with TEXPROCIL (Cotton Textiles Export Promotion Council) Chairman Vijay Agarwal, met the minister to apprise him of key concerns related to the proposed agreement. "The minister gave a patient hearing to the concerns raised and assured the delegation that the government is committed to protecting labour-intensive sectors during the ongoing negotiations under the India-US Bilateral Trade Agreement," the council said in a statement. The minister also reiterated that all necessary steps would be taken to ensure that India's interests, especially those of vulnerable sectors like textiles and apparel, are safeguarded. It further said that if the US will go ahead with the additional 26 per cent

US pulls funding from vaccines group; 'ignored the science', says RFK Jr

US Health Secretary Robert F Kennedy Jr said the country is pulling its support from the vaccines alliance Gavi, saying the organisation has ignored the science and lost the public trust. A video of Kennedy's speech was shown to participants at a Gavi meeting in Brussels on Wednesday, where the vaccines group was hoping to raise at least USD 9 billion for the next five years. Gavi is a public-private partnership including WHO, UNICEF, the Gates Foundation and the World Bank. It has paid for more than 1 billion children to be vaccinated through routine immunisation programmes, saving an estimated 18 million lives. The US has long been one of its biggest supporters; before Trump's re-election, the country had pledged USD 1 billion through 2030. Kennedy called on Gavi to re-earn the public trust and to justify the USD 8 billion America has provided in funding since 2001, saying officials must consider the best science available, even when that science contradicts established paradigms.

Young Muslims loved Zohran Mamdani, and their parents listened to them

Many Muslim Americans in New York City were impressed by Mr. Mamdani's campaign and thrilled at being able to see themselves reflected in a mayoral candidate

Trump declares Iran 'victory for everybody' despite concerns over damage

Trump said he was confident Tehran would not try to rebuild its nuclear sites and would instead pursue a diplomatic path towards reconciliation

FTAs with US, EU soon; exporters to get full govt backing: Sitharaman

Finance Minister says trade deals with US and EU near finalisation as she assures Indian exporters of full support amid global slowdown and volatile trade conditions

HAL to deliver six Tejas jets to IAF by March amid engine supply delays

The Hindustan Aeronautics Ltd (HAL) will seal a deal with US defence major GE Aerospace by March to jointly produce a jet engine to power the next generation of India's combat aircraft, the aviation behemoth's chief DK Sunil has said. The mega plan to jointly produce the F-414 engines in India was announced during Prime Minister Narendra Modi's visit to Washington DC in 2023, though the programme suffered from several slippages because of protracted negotiations on the sharing of advanced technologies. In an exclusive interview with PTI Videos, HAL Chairman and Managing Director Sunil said crucial negotiations with GE Aerospace on the transfer of technologies for the engines were concluded and both sides are now focusing on the commercial aspects of the project. "We are now discussing the ToT (transfer of technologies) principles. (We will have) 80 per cent transfer of technology. Those discussions are more or less over," he said. "Now we will be getting into the commercials. So, in

Trump's media company to buy back $400 million in shares amid stock slump

President Donald Trump's media company plans to buy back up to USD 400 million of its stock, which have lost 46 per cent of their value this year. Trump Media and Technology Group, which operates the Truth Social media platform, said Monday that the acquisition will improve its financial flexibility. It will retire the shares after they are purchased, meaning these particular shares can't be reissued. Companies can drive their stock higher by acquiring or removing the number of company shares outstanding. Trump is the largest stakeholder in Trump Media, with about 114 million shares. Shares of Trump Media rose just over 2 per cent Monday. But the shares appeared to peak about a month after the company went public in late March. Shares have been on a steady, downward trajectory since. The company said early this year that it lost USD 400.9 million in 2024 and its annual revenue declined 12 per cent to USD 3.6 million. After winning the US presidential election in November, Trump ..

India, US trying to finalise interim trade deal before Jul 9: Sources

India and the US are engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9, sources said on Monday. The high tariffs announced by the US on April 2 were suspended by the Trump administration till July 9. The US, on April 2, imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90 days. However, the 10 per cent baseline tariff imposed by America remains in place. India is seeking full exemption from the additional 26 per cent tariff. "We are very keen, we are engaged, we are trying. Both sides are trying, but both sides have to be happy," sources said when asked if the two countries are keen to finalise an interim trade agreement by July 9. There are always certain areas which are difficult in a trade agreement, they added. Agriculture and dairy sectors are "difficult and challenging areas for India. And India has not opened up dairy in any of its free trade pacts," one of the sources said. The US wan

Iran's nuclear dreams may survive even a devastating American blow

Through revolution and upheaval, the program has become intertwined with the country's security and national identity

Global AI gap widens as compute power divides nations, economies

As countries race to power artificial intelligence, a yawning gap is opening around the world

Fake-out in the skies: How US fooled Iran before launching B-2 bombing raid

Using stealth, decoys, and surprise, the US executed its largest B-2 bomber raid till date on Iran's nuclear sites

The Pentagon Pizza Index: How pizza orders may predict global crises

A decades-old theory linking Pentagon-area pizza orders to looming global crises resurfaces, as late-night deliveries hint at military alert before Israel-Iran strikes

What Happens if Trump Decides to Strike Iran or Assassinate Its Leader?

If the United States bombs an underground uranium enrichment facility in Iran or kills the country's supreme leader, it could kick off a more dangerous and unpredictable phase in the war